Toyota reports record sales in the first half of the year
Toyota Motor Corp. The company maintained record global sales in the first half of the fiscal year, as strong results in the United States offset weaker results in Japan and China, Bloomberg reports.
Including Daihatsu and Hino, global sales in September increased by almost 3% to 949,153 units, while production increased by 9% to more than 1 million vehicles. Despite market instability in China and trade tensions between the United States and China caused by President Trump's tariffs, Toyota achieved record production and sales figures for seven consecutive months, followed by a slowdown in August. During this period, total sales increased by 5%, which is a record figure for the first half of the year.
In September, Toyota and Lexus sales increased by more than 14% in the United States, but decreased by 1% in China and 5% in Japan due to the Prius recall. In China, local automakers such as BYD continue to undermine the market share of foreign brands, but Toyota has regained its position with the affordable all-electric bZ3X and popular hybrid models.